Market Update: China's Industrial Profits Slow for Sixth Month - is it the Trade War Effect? - FX Leaders News

Market Update: China’s Industrial Profits Slow for Sixth Month – is it the Trade War Effect?

Posted Tuesday, November 27, 2018 by
Arslan Butt • 1 min read

What’s up, traders.

According to the National Bureau of Statistics (NBS), China Industrial profits soared 3.6% in October from a year earlier to 548 billion yuan ($78.92 billion), a 7-month low and a slowing from September’s 4.1% gain. The cooldown is surely due to the trade war…

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About the author

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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